SEMI vs. NVDQ

Last updated Aug 2, 2026

SEMI (Columbia Select Technology ETF) and NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) are both exchange-traded funds - SEMI is a Semiconductors fund actively managed by Columbia, while NVDQ is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. Over the past year, SEMI returned 36.55% vs -48.60% for NVDQ. Their -0.71 correlation means they have often moved in opposite directions in the past. SEMI charges 0.75%/yr vs 1.05%/yr for NVDQ.

Performance

SEMI vs. NVDQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Select Technology ETF (SEMI) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMI achieves a 20.82% return, which is significantly higher than NVDQ's -32.56% return.

SEMI

• 1D: 1.20%
• 1M: -2.42%
• 6M: 17.71%
• YTD: 20.82%
• 1Y: 36.55%
• 3Y*: 22.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.42%

NVDQ

• 1D: -5.82%
• 1M: -9.94%
• 6M: -28.13%
• YTD: -32.56%
• 1Y: -48.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -82.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	$23.89M	$29.47M	$56.41M
SEMI Columbia Select Technology ETF	$400.16K	$369.67K	$553.99K

SEMI vs. NVDQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SEMI Columbia Select Technology ETF	20.82%	24.91%	15.87%	17.87%
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	-32.56%	-74.63%	-93.80%	-28.84%

Correlation

The correlation between SEMI and NVDQ is -0.72, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.72
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023	-0.71

The correlation between SEMI and NVDQ has been stable across timeframes, ranging from -0.72 to -0.71 - a consistent structural relationship.

Return for Risk

SEMI vs. NVDQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEMI

SEMI Risk / Return Rank: 54
SEMI Sharpe Ratio Rank: 51
SEMI Sortino Ratio Rank: 49
SEMI Omega Ratio Rank: 48
SEMI Calmar Ratio Rank: 63
SEMI Martin Ratio Rank: 60

NVDQ

NVDQ Risk / Return Rank: 4
NVDQ Sharpe Ratio Rank: 4
NVDQ Sortino Ratio Rank: 5
NVDQ Omega Ratio Rank: 5
NVDQ Calmar Ratio Rank: 3
NVDQ Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEMI vs. NVDQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Select Technology ETF (SEMI) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SEMI	NVDQ	Difference
Sharpe ratio: Return per unit of total volatility	1.23	-0.64	+1.87
Sortino ratio: Return per unit of downside risk	1.73	-0.68	+2.41
Omega ratio: Gain probability vs. loss probability	1.22	0.92	+0.29
Calmar ratio: Return relative to maximum drawdown	2.21	-0.76	+2.96
Martin ratio: Return relative to average drawdown	7.18	-1.33	+8.51

SEMI vs. NVDQ - Sharpe Ratio Comparison

The current SEMI Sharpe Ratio is 1.23, which is higher than the NVDQ Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of SEMI and NVDQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SEMI vs. NVDQ - Drawdown Comparison

The maximum SEMI drawdown since its inception was -33.46%, smaller than the maximum NVDQ drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for SEMI and NVDQ.

Drawdown Indicators

	SEMI	NVDQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.46%	-99.45%	+65.99%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-61.17%	+45.75%
Max Drawdown (3Y) Largest decline over 3 years	-32.93%	—	—
Current Drawdown Current decline from peak	-9.11%	-99.32%	+90.21%
Average Drawdown Average peak-to-trough decline	-9.79%	-88.72%	+78.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	34.78%	-30.05%

Volatility

SEMI vs. NVDQ - Volatility Comparison

The current volatility for Columbia Select Technology ETF (SEMI) is 11.21%, while T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a volatility of 23.95%. This indicates that SEMI experiences smaller price fluctuations and is considered to be less risky than NVDQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SEMI	NVDQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	23.95%	-12.74%
Volatility (6M) Calculated over the trailing 6-month period	23.51%	57.01%	-33.50%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	72.43%	-44.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.11%	94.76%	-62.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.11%	94.76%	-62.65%

SEMI vs. NVDQ - Expense Ratio Comparison

SEMI has a 0.75% expense ratio, which is lower than NVDQ's 1.05% expense ratio.

Dividends

SEMI vs. NVDQ - Dividend Comparison

SEMI's dividend yield for the trailing twelve months is around 3.71%, more than NVDQ's 0.39% yield.

Position	TTM	2025	2024	2023	2022
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF	0.39%	0.26%	4.59%	11.60%	0.00%
SEMI Columbia Select Technology ETF	3.71%	4.48%	0.96%	0.87%	0.67%

Frequently Asked Questions

Can I hold both SEMI and NVDQ in my portfolio?

SEMI and NVDQ have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEMI or NVDQ?

NVDQ has higher volatility (23.95%) compared to SEMI (11.21%). In terms of maximum drawdown, SEMI dropped -33.46% vs NVDQ's -99.45%.

Which ETF is better, SEMI or NVDQ?

On 1-year performance, SEMI leads with 36.55% vs -48.60% for NVDQ. On fees, SEMI is cheaper at 0.75% per year. On volatility, SEMI has been the lower-risk option at 11.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SEMI or NVDQ?

Over the 1-year period, SEMI has performed better with a 36.55% return vs -48.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEMI or NVDQ?

SEMI is cheaper with a 0.75% expense ratio, compared with 1.05% for NVDQ.

Which ETF pays a higher dividend yield, SEMI or NVDQ?

SEMI has the higher dividend yield at 3.71%, compared with 0.39% for NVDQ.

What is the main difference between SEMI and NVDQ?

SEMI is categorized as Semiconductors, while NVDQ is Inverse Equities. They also come from different issuers: Columbia and T-Rex. Their fees differ too: 0.75% for SEMI and 1.05% for NVDQ.

Which has better risk-adjusted returns?

SEMI currently has the higher Sharpe Ratio (1.23 vs -0.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.